Global Cordless Power Tools Market Analysis and Forecast (2021-2027) by Motor Type, Tool, Propulsion and Application.

Global Cordless Power Tools Market was worth US$ 2.07 Bn. in 2020 and total revenue is expected to grow at a rate of 6.97 % CAGR from 2021 to 2027, reaching almost US$ 3.55 Bn. in 2027.

Global Cordless Power Tools Market Overview:

The key influences powering the development of the market rising acceptance of cordless power tools, growing demand for fastening implements in industrial sector, & rising construction industry in developing economies are the significant influences driving the development of the market. This market proposals many opportunities for companies to emphasis smart connectivity for power tools. Increasing acceptance of these tools in different end user industries like automotive, construction & manufacturing has led to growth in the battery power tools market worldwide. Also the factors like cheap & energy efficient has led to rise in demand for Cordless power tools in DIY techniques among household customers. Platforms like YouTube & websites of OEM, also proposal training & user direction for the DIY customers, thus, proposing aftersales help to them as well. Further, overview of brushless power tools uses magnet for its simple process & thus, knowingly decreases the maintenance cost of the tools & thus, leads to rise in sales of the Cordless power tools. These influences act as a driver to the Cordless Power Tools market.

COVID-19 Effect on the Market:

Corona Virus pandemic has spread through more than 200 countries globally & disrupted many industries everywhere the world. The dynamics upon which many businesses used to run are set to change extremely. As the world endures to fight this emergency, numerous businesses endure to experience a persistent decline. Among these businesses, the automotive manufacturing has a diverse effect. Corona Virus has been increasing through the world, starting from Asia-Pacific, then touching to Europe, & now accelerating in North America. Corona Virus has affected many continents; however, the European countries and India have experienced a severe increase in detected cases. Globalization & interconnected economies of most nations would be affected owing to pandemic. COVID-19 has harshly impacted automotive firms, disturbing manufacturing hubs in India, China, Italy, Germany, Spain, & the United States. These nations have declared the whole or limited lockdown of manufacturing divisions, apart from assembly units. Other tier-I producers are also facing the drop in their sales of vehicles, owing to the lockdown of engineering operations. For example, Germany, which is the hub of car manufacturing in the European counties, has lost twenty two working days, thus disturbing 568,518 employees & has caused a manufacturing loss of 456, 977 vehicles. However, it is estimated to have extraordinary demand for power tools in the automotive segment in the year 2024, since power tools severely relies on electronic modules for automobile production. Global Cordless Power Tools MarketTo know about the Research Methodology :- Request Free Sample Report

Market Dynamics

Cordless power tools contain an extensive range of battery-powered tools, like hammer drills, impact wrenches, & circular saws & others. The demand for new mobile, & compressed tools is pouring the market for cordless tools. Lithium-ion batteries are substituting conservative Ni-Cd & Ni-MH power tools. Advances in battery technology are donating to the growing acceptance of cordless power tools with high-density batteries which can last longer once charged. Lithium-ion batteries deliver maximum energy density & longer working life to power tools. These are lightweight & do not exhibit self-discharge. Thus, lithium-ion batteries have become standard choice for powering power tools. Also, with customers’ interest in cordless tools, tool makers are concentrating on cordless power tools & launching inventive products in the market. Power tools like assembly tools, are accuracy tools, requiring steady maintenance of its stirring parts. Power tools are essential to be recalibrated at fixed intervals for particular operations. Motors, batteries, power connections, & other modules of power tools wear out & fail over time. Regular maintenance is necessary for the appropriate working of tools, which, in turn, experiences high price. Customers in developing countries prefer manual labor rather than maintenance of power tools. Therefore, the high charge of maintenance is limiting the development of the power tools market. Similarly, the cost of tenure of power tools rises due to maintenance & repair supplies. Therefore, customers in emerging countries are dependent on rental power tools, which is also hindering the development of the market during the forecast period.

Opportunity:

Electric fastening tools play a major role in the installation of wind turbines. These fastening tools are used in maintenance & examining tower processes. To keep accuracy, a compression factor is decided & accordingly, torque is applied to junctions. For the installation needs precise force, electric fastening tools are expected to be the proper power tools for this sector. Rising installation capacity may generate profitable opportunities for companies in the power tools market.

Challenge:

Power tool equipment safety, & regulatory compliance are serious matters for manufacturing companies. Local & international supply channels, end users, severe compliance with current & evolving safety standards. Thus, it is important for tool makers to fulfil these safety regulations. In addition to compulsory rules, manufacturers must address significant concerns from retailers & customers regarding quality & environmental sustainability. Depending on the exact type of tool, additional rules may address physical care requirements, & product recycling problems.

Segment Overview:

Market for electric power tools is estimated to raise at the maximum CAGR during the forecast period due to the growing demand for DIY methods among household customers. Electric power tools are also used in various industries. The development of these tools is powered by inventions in battery technology & the rising adoption of cordless tools among manufacturing & residential consumers. Rapid development & industrialization are expected to further fuel the progress of the market. The COVID-19 pandemic outbreak is anticipated to influence all end-user industries. This outbreak is affecting electric power tools production, & demand for a power tools in the market.

Regional Overview:

Asia-Pacific is likely to be the fastest rising region in the power tools market. Nations like China & India are seeing increased demand for these type of tools. COVID-19 pandemic forced lockdowns through Asia-Pacific region. Limitations on transportation in region has caused Interruption in supply chain. Asian nations under lockdown have suffered terrific loss of industry & revenue owing to the shutdown of several manufacturing units. This has crushed the demand for power tools in the year 2020. The objective of the report is to present a comprehensive analysis of the Global Cordless Power Tools market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Cordless Power Tools market dynamics, structure by analyzing the market segments and project the Global Cordless Power Tools market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Cordless Power Tools market make the report investor’s guide.

Global Cordless Power Tools Market Scope: Inquire before buying

Global Cordless Power Tools Market by Scope

Global Cordless Power Tools Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Cordless Power Tools Market key player

• Apex Tool Group • Atlas Copco AB • Hilti Corporation • Ingersoll-Rand PLC • Hitachi Ltd. • Makita Corporation • Robert Bosch GmbH • Snap-On Incorporated • Stanley Black and Decker • Techtronic Industries • Koki Holdings • Emerson • Panasonic • Fortive • CHEVRON • Positec

Frequently Asked Questions:

1) What was the market size of Global Cordless Power Tools Market markets in 2020? Ans - Global Cordless Power Tools Market was worth US$ 2.07 Bn in 2020. 2) What is the market segment of Global Cordless Power Tools Market markets? Ans -The market segments are based on Motor Type, Tool and Application 3) What is forecast period consider for Global Cordless Power Tools Market? Ans -The forecast period for Global Cordless Power Tools Market is 2021 to 2027. 4) Which are the worldwide major key players covered for Global Cordless Power Tools Market report? Ans – Apex Tool Group, Atlas Copco AB. Hilti Corporation, Ingersoll-Rand PLC, Hitachi Ltd. Makita Corporation, Robert Bosch GmbH, Snap-On Incorporated, Stanley Black and Decker Techtronic Industries, Koki Holdings, Emerson, Panasonic, Fortive, CHEVRON, Positec. 5) Which region is dominated in Global Cordless Power Tools Market? Ans -In 2020, Europe region dominated the Global Cordless Power Tools Market
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Cordless Power Tools Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Global Cordless Power Tools Market 3.4. Geographical Snapshot of the Global Cordless Power Tools Market , By Manufacturer share 4. Global Cordless Power Tools Market Overview, 2020-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on Global Cordless Power Tools market 5. Supply Side and Demand Side Indicators 6. Global Cordless Power Tools Market Analysis and Forecast, 2020-2027 6.1. Global Cordless Power Tools Market Size & Y-o-Y Growth Analysis. 7. Global Cordless Power Tools Market Analysis and Forecasts, 2020-2027 7.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 7.1.1. Brushed 7.1.2. Brushless 7.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 7.2.1. Drills 7.2.2. Saws 7.2.3. Lawn Motors 7.2.4. Others 7.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 7.3.1. Industrial 7.3.2. Commercial 7.3.3. Residential 8. Global Cordless Power Tools Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2020-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Global Cordless Power Tools Market Analysis and Forecasts, 2020-2027 9.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 9.1.1. Brushed 9.1.2. Brushless 9.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 9.2.1. Drills 9.2.2. Saws 9.2.3. Lawn Motors 9.2.4. Others 9.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 9.3.1. Industrial 9.3.2. Commercial 9.3.3. Residential 10. North America Cordless Power Tools Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Cordless Power Tools Market Analysis and Forecasts, 2020-2027 11.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 11.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 11.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 12. Canada Cordless Power Tools Market Analysis and Forecasts, 2020-2027 12.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 12.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 12.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 13. Mexico Cordless Power Tools Market Analysis and Forecasts, 2020-2027 13.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 13.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 13.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 14. Europe Cordless Power Tools Market Analysis and Forecasts, 2020-2027 14.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 14.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 14.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 15. Europe Cordless Power Tools Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Cordless Power Tools Market Analysis and Forecasts, 2020-2027 16.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 16.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 16.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 17. France Cordless Power Tools Market Analysis and Forecasts, 2020-2027 17.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 17.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 17.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 18. Germany Cordless Power Tools Market Analysis and Forecasts, 2020-2027 18.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 18.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 18.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 19. Italy Cordless Power Tools Market Analysis and Forecasts, 2020-2027 19.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 19.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 19.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 20. Spain Cordless Power Tools Market Analysis and Forecasts, 2020-2027 20.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 20.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 20.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 21. Sweden Cordless Power Tools Market Analysis and Forecasts, 2020-2027 21.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 21.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 21.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 22. CIS Countries Cordless Power Tools Market Analysis and Forecasts, 2020-2027 22.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 22.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 22.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 23. Rest of Europe Cordless Power Tools Market Analysis and Forecasts, 2020-2027 23.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 23.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 23.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 24. Asia Pacific Cordless Power Tools Market Analysis and Forecasts, 2020-2027 24.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 24.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 24.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 25. Asia Pacific Cordless Power Tools Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2020-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Cordless Power Tools Market Analysis and Forecasts, 2020-2027 26.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 26.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 26.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 27. India Cordless Power Tools Market Analysis and Forecasts, 2020-2027 27.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 27.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 27.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 28. Japan Cordless Power Tools Market Analysis and Forecasts, 2020-2027 28.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 28.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 28.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 29. South Korea Cordless Power Tools Market Analysis and Forecasts, 2020-2027 29.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 29.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 29.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 30. Australia Cordless Power Tools Market Analysis and Forecasts, 2020-2027 30.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 30.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 30.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 31. ASEAN Cordless Power Tools Market Analysis and Forecasts, 2020-2027 31.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 31.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 31.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 32. Rest of Asia Pacific Cordless Power Tools Market Analysis and Forecasts, 2020-2027 32.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 32.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 32.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 33. Middle East Africa Cordless Power Tools Market Analysis and Forecasts, 2020-2027 33.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 33.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 33.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 34. Middle East Africa Cordless Power Tools Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Cordless Power Tools Market Analysis and Forecasts, 2020-2027 35.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 35.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 35.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 36. GCC Countries Cordless Power Tools Market Analysis and Forecasts, 2020-2027 36.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 36.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 36.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 37. Egypt Cordless Power Tools Market Analysis and Forecasts, 2020-2027 37.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 37.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 37.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 38. Nigeria Cordless Power Tools Market Analysis and Forecasts, 2020-2027 38.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 38.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 38.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 39. Rest of ME&A Cordless Power Tools Market Analysis and Forecasts, 2020-2027 39.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 39.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 39.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 40. South America Cordless Power Tools Market Analysis and Forecasts, 2020-2027 40.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 40.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 40.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 41. South America Cordless Power Tools Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2020-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Cordless Power Tools Market Analysis and Forecasts, 2020-2027 42.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 42.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 42.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 43. Argentina Cordless Power Tools Market Analysis and Forecasts, 2020-2027 43.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 43.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 43.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 44. Rest of South America Cordless Power Tools Market Analysis and Forecasts, 2020-2027 44.1. Market Size (Value) Estimates & Forecast By Motor Type, 2020-2027 44.2. Market Size (Value) Estimates & Forecast By Tool, 2020-2027 44.3. Market Size (Value) Estimates & Forecast By Application, 2020-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Cordless Power Tools 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Apex Tool Group. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Atlas Copco AB 45.3.3. Hilti Corporation 45.3.4. Ingersoll-Rand PLC 45.3.5. Hitachi Ltd. 45.3.6. Makita Corporation 45.3.7. Robert Bosch GmbH 45.3.8. Snap-On Incorporated 45.3.9. Stanley Black and Decker 45.3.10. Techtronic Industries 45.3.11. Koki Holdings 45.3.12. Emerson 45.3.13. Panasonic 45.3.14. Fortive 45.3.15. CHEVRON 45.3.16. Positec. 45. Primary Key Insights

About This Report

Report ID124134
Category Engineering Equipment
Published DateOct 2021
Updated Date
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